By AZ Big Media
Last year was a busy one in Arizona, from contentious housing policy debates to a stalemate on water policy and a lengthy and costly election with 13 statewide ballot measures. A few major wins for the commercial real estate industry include a veto of a bill that would have effectively eliminated the utility of the GPLET incentive, and the passage of Prop 479, a measure to continue the half-cent sales tax for transportation funding in Maricopa County.
The new year marks a new legislative session, and NAIOP Arizona is working with lawmakers to ensure Arizona maintains sustainable development, continues to attract businesses and solidifies our reputation as a hub for economic opportunity. Our goal in 2025 is to positively impact legislation and policy affecting commercial real estate and economic development, and ensure the industry has a seat at the decision-making table. From municipal councils to the state legislature, we’ll guarantee the industry’s perspectives are incorporated into decision making at all levels of public policy. Going into 2025 our focus will be partnering with municipalities to develop effective tools that attract businesses and investments, engaging with legislators and stakeholders to promote legislation that addresses housing needs, advocating for policies that balance resource sustainability and economic realities, and collaborating with regulators to achieve compliance with new standards in a way that supports economic vitality.
To remain competitive in attracting businesses and promoting economic development, Arizona’s municipalities need flexible and effective tools. NAIOP will advocate for legislation that expands and strengthens incentives for development and redevelopment. These measures are vital for fostering investment in communities, spurring job creation and ensuring that Arizona continues to outpace other states in economic growth. With Arizona at a critical crossroad, it’s important that we have the tools we need to compete on a national and international scale.
